El-Erian said the Fed may well tolerate higher inflation instead of pushing the economy into recession to hit its 2% target. But he also said investors are over-reacting by pricing in sharp rate cuts. Market prices have swung wildly in recent days as traders bet on a drop in borrowing costs amid signs that inflation is falling and comments from Fed Chair Jerome Powell that the actions taken so far have pushed policy “well into restrictive territory.”
Rupee hits 3-month low as crude surges, US bond yields breach 5%
The Indian rupee reached its weakest point in three months on Tuesday. This depreciation occurred as Brent crude oil prices surged past $108 per barrel.
September 16, 2026